Gooooooogle

[novel20]

It was a wild ride, but what Maverick said was pretty accurate.

 

[sigma]

Maverick,

I have some questions for you. I apologize if they are very basic.

Do mm's buy the stock if people are selling calls also? If mm's accumulate the stock for option rotation, can they cause the stock price to come down when they sell this stock later?

Thanks.
s

 

[chiguy]

stopped out on my calls @ 3.00...

i need some courage...or stronger duct tape...

 

[Lorenzo]

Quote from chiguy:

goog crossed down below 395...covered puts...stop in on calls

Is it possible to trade Goog Options in After Hours?

Lorenzo

 

[thecalip]

bought 350 put at 2.00, and sold it 3 mins later for 2.35. That was early in the morning. Gut feeling tell me that it's not moving anywhere.

Nice 1% gain for my IRA account.

 

[novel20]

thecalip,

"bought 350 put at 2.00, and sold it 3 mins later for 2.35. That was early in the morning. Gut feeling tell me that it's not moving anywhere.

Nice 1% gain for my IRA account."

Just look at the case if you bought 390 call and sold at close.

 

[wilburbear]

Quote from GlobalFinancier:

People,people...
This is RIDICULOUS. Why the hell are there twice as many hits to this thread than my thread in one bloody day for some stupid hot stock that I doubt 10% of those that posted here made net gains.

Beats me why smart people(I assume smart people go into trading) would do dumb things... like playing around with fire, i.e. hot stocks, while there's money on the floor waiting to be picked up.
Preposterous!

What money on the floor is "waiting to be picked up"?

 

[IV_Trader]

Quote from wilburbear:

What money on the floor is "waiting to be picked up"?

you have to hit/click on his thread first , he is paying 10$ signing bonus plus 10 cents per hit (better then GOOG)

 

[iceman1]

Quote from hajimow:

To everyone:

No matter what will happen to GOOG, I would like to thank everyone for their constructive inputs. Happy and profitable trading.

hajimow


if you had sold ITM (deep) puts and bought a couple deferred calls in the morning - you'd be sitting OK on GOOG. No?

 

[Maverick74]

Quote from sigma:

Maverick,

I have some questions for you. I apologize if they are very basic.

Do mm's buy the stock if people are selling calls also? If mm's accumulate the stock for option rotation, can they cause the stock price to come down when they sell this stock later?

Thanks.
s

If customers are selling calls, that means mm's are forced to sell stock against their long call purchases. Remember, the movement is created on the customer side, otherwise known as the buy side.

So if customers are buying calls, they force the stock up by making mm's purchase stock. If customers are selling puts, same thing, mm's have to buy stock. If customers are buying puts, mm's have to sell stock, and if they are selling calls, they have to sell stock. MM's are not offsetting these trades later, the offset is done on the hedge or by completing a conversion or reversal.